Telman

Telman is 45 years old. He is married and has one son. Telman is an IDP (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. He is a Fuzulu refugee. He has been growing vegetables and fruits for more than 10 years. He is very hard-working and passionate about his work. He considers it fun to grow potatoes, tomatoes and cucumbers and to plant fruit trees with his wife. He sells his crops in the central bazaar to make profits, in order to support his family. Telman ’s income from business is 130 AZN. In order to improve the living conditions of his family, he plans to expand his business. This requires a lot of dedication and effort. He believes that, in the near future, his son will help him to grow the business. Since the vegetable and fruit business is profitable and fun, he wants the business to continue and prosper. He has applied to Aqroinvest for a loan of 1800 AZN. This loan is for the purpose of buying new fertilizer and seeds. It will help him to grow more vegetables and fruits in order to obtain more revenue in the coming autumn, which will help him to cover his family’s needs.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities.

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.